Second-in-charge
Wang was second only to Co-Chairman Chen Feng within HNA’s hierarchy, and owned about 15 per cent of the conglomerate, making him one of the group’s biggest shareholders, according to HNA’s last update of its ownership structure. Chen also holds a 15 per cent stake. HNA said last year that its executives plan to donate all their shares to the Cihang charities that own a majority of HNA should they resign or die. Eventually, HNA expects the foundations to own 100 per cent of the group, the company said at the time.
Wang was instrumental during HNA’s era of empire-building and its subsequent dismantlement. Thecompany, which once symbolised China’s insatiable appetite for global assets, has since reversed course by selli…
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